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INOX IndiaNSE:INOXINDIA +0.38%66 Return-on-Tangible-Asset is 11.57% as of Jun. 2026, which is 25% below its 10-year median of 15.49. GuruFocus rates NSE:INOXINDIA with a GF Score™ of 66/100 and a GF Value™ of ₹1,596.92 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 3,089 Industrial Products companies, INOX India ranks better than 91.65% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. INOX India's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹2,323 Mil. INOX India's average total tangible assets for the quarter that ended in Jun. 2026 was ₹20,070 Mil. Therefore, INOX India's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 11.57%.
The historical rank and industry rank for INOX India's Return-on-Tangible-Asset or its related term are showing as below:
NSE:INOXINDIA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 13.8 Med: 15.49 Max: 16.62
Current: 13.8
During the past 6 years, INOX India's highest Return-on-Tangible-Asset was 16.62%. The lowest was 13.80%. And the median was 15.49%.
NSE:INOXINDIA's Return-on-Tangible-Asset is ranked better than 91.65% of 3089
companies
in the Industrial Products industry
Industry Median: 3.43
vs NSE:INOXINDIA: 13.80
INOX India (NSE:INOXINDIA) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
INOX India Return-on-Tangible-Asset Related Terms
INOX India Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for INOX India's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:INOXINDIA vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, INOX India's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
INOX India Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, INOX India's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where INOX India's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.57% mean?
INOX India (NSE:INOXINDIA) has a Return-on-Tangible-Asset of 11.57% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on INOX India and its competitors. This is 25% below median its historical median of 15.49. Over the past decade, INOX India's Return-on-Tangible-Asset has ranged from 13.80 to 16.62. According to the industry distribution chart, INOX India ranks #258 out of 3089 companies in the Industrial Products industry, placing it in the top 8.4%.
Is INOX India's Return-on-Tangible-Asset too high?
INOX India's current Return-on-Tangible-Asset of 11.57% is 25% below median its 10-year median of 15.49. Over the past 10 years, this metric has ranged from a low of 13.80 to a high of 16.62. The Industrial Products industry median Return-on-Tangible-Asset is 3.43. INOX India's value of 11.57% is 237.3% above this industry median. Based on the distribution chart, INOX India ranks #258 out of 3089 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, INOX India has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does INOX India's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, INOX India ranks #258 out of 3089 companies for Return-on-Tangible-Asset. This places INOX India in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.43. INOX India's value of 11.57% is 237.3% above this benchmark. Historically, INOX India's own Return-on-Tangible-Asset has ranged from 13.80 to 16.62 over the past decade. While the company's 10-year median is 15.49 vs. the industry median of 3.43, INOX India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.43, based on 3,089 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. INOX India's current Return-on-Tangible-Asset of 11.57% is 237.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on INOX India and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. INOX India's current Return-on-Tangible-Asset is 11.57%, which is 25% below median its own 10-year median of 15.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is INOX India stock overvalued right now?
Based on GuruFocus' analysis, INOX India (NSE:INOXINDIA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,596.92, compared to a current price of ₹2,134.20 — trading 33.6% above its estimated fair value. The current Return-on-Tangible-Asset is 11.57%, which is 25% below median its 10-year median of 15.49 and 237.3% above the Industrial Products industry median of 3.43. INOX India's overall GF Score™ is 66/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For INOX India (NSE:INOXINDIA), the current Return-on-Tangible-Asset is 11.57% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is INOX India (NSE:INOXINDIA) Overvalued in 2026?
Based on GuruFocus' analysis, INOX India stock appears to be overvalued.
The current stock price of ₹2,134.20 is trading 33.6% above its estimated GF Value™ of ₹1,596.92.
GuruFocus considers INOX India to be Significantly Overvalued.
Key valuation signals for NSE:INOXINDIA:
Return-on-Tangible-Asset: 11.57% (25% below median its 10-year median of 15.49)
GF Value™: ₹1,596.92 vs. price of ₹2,134.20 (33.6% above fair value)
Industry Position: 237.3% above the Industrial Products median (#258 of 3089)
No single metric tells the full story. See the NSE:INOXINDIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
INOX India Ltd is a manufacturer of cryogenic equipment and cryogenic tanks. The company's products include standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction. The company generates revenue from India, Korea, France, Japan, Saudi Arabia, and other regions.
66GF Score
Get the complete analysis for NSE:INOXINDIA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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